paris (reuters) – the end of a 3% tax on dividends will cost 10 billion euros to the state, according to a new assessment by the ministry of economy and finance, in his edition of the french newspaper le figaro on friday.
this figure is a previous estimate of bercy, which amounted to 5.7 billion euros, according to le figaro.
a living, they refused to confirm to reuters the new calculation.
the tax to 3%, which was established in 2012, and was nearly 1.9 billion euros per year, and was buried in consequence of a decision of the court of justice of the european union (ecj) confirmed last week by the constitutional council.
beyond the loss of profits, it is, above all, the cost of litigation by the major groups that will put a strain on public finances.
the government has budgeted in 2018, a provision of eur 300 million for these cases.
“if the government does not compensate for the cost of litigation by savings or additional revenues, the goal of 2.6 per cent deficit relative to gdp in 2018 will be exceeded, the french newspaper le figaro.
bercy, contacted by reuters, said the opposite to have no concern about the deficit targets and is in discussions with major companies in order to determine the terms and conditions of a new compensatory levy.
the minister of economy and finance and the mayor said that the government intended to establish a “temporary solution” that would affect only the major groups to finance these costs from the year 2019.
according to le figaro, the executive also negotiates with the french association of private companies (afep), which brings together the major groups to spread the payments over the next ten years.
(simon carraud and michael rose, edited by dominique rodriguez)
copyright & copy;, thomson reuters
Translated by forexguides.info Team